Frequently Asked Questions


Answer: 

Burial insurance, and final expense insurance, is different from most other types of life insurance. The death benefit is not tied to someone's income or net worth. Because burial insurance, and final expense insurance, are specifically for funeral and burial costs, the policy death benefit isn't limited by someone's net worth or income.Typically the death benefits associated with burial insurance, and final expense insurance, range from $1,000 to $50,000. Some policies may go up to $100,000 of coverage. However, the size of the insurance policy is linked to the family's funeral expense needs more than their overall financial profile.

Answer: 

No, absolutely not! There are no fees, charges or any costs associated with the burial insurance application. The only time you pay is if you are buying the insurance policy. There is no risk, cost or obligation to apply.

Answer: 
Depending on the specific life insurance policy you purchase, the full death benefit may not be available until after a specified amount of time. A life insurance policy is said to have a graded death benefit it an increasing amount is available as time goes on. For example, a life insurance policy with a graded death benefit may only offer 25% of the the death the first year, 50% the second year and 75% the 3rd year.
Answer: 

No, unlike with larger life insurance policies, medical exams are not typically required to purchase burial insurance or funeral insurance. In many cases, if medical underwriting is involved it is limited to a review of medications that the insured has taken.

Answer: 
The term "death benefit" refers to the amount of money that the insurance company agrees to pay the beneficiaries of a policy when the insured dies. "Death benefits" are also referred to as "face amounts" of life insurance policies, because it is the stated amount of coverage listed on the insurance policy itself.